EAA/ANN AirVenture Innovation Preview

Order Valued At More Than $1.2 Billion At List Prices

Air Lease Corporation (ALC) has finalized a deal with Boeing for
four 787-9 Dreamliners, and at the same time exercised options for
four Next-Generation 737-800s. The order, with a list-price value
of more than $1.2 billion, marks the completion of an agreement
announced during the Paris Air Show in June.

"This order is a continuation of Air Lease Corporation's
disciplined approach to building its fleet," said Ray Conner,
senior vice president for Sales and Customer Support for Boeing
Commercial Airplanes. "Air Lease Corporation has positioned itself
for success since starting business early last year. These 787-9
Dreamliners and 737-800s support its strategy of establishing a
fleet of young, high-quality, high-demand airplanes for its airline
customers."

The airplanes join the 74 Next-Generation 737-800s and five
777-300ER (Extended Range) airplanes that ALC currently has on
order. "This order will continue to diversify our portfolio of
efficient airplanes for our airline customers," said Steven F.
Udvar-Hazy, chairman and CEO of Air Lease Corporation. "The 787-9,
with its increased size and range, will provide our customers the
ability to serve more cities with the lowest possible cost per
seat."

The Boeing 787-9 Dreamliner is a slightly larger version of the
787-8 and will carry 250-290 passengers on routes of 8,000 to 8,500
nautical miles. The 787 is designed to use 20 percent less
fuel than today's similarly sized airplanes. It also will travel at
a speed of March 0.85, which is similar to the speed of today's
fastest wide-body airplanes.

"Air Lease Corporation's order helps establish the 787-9
Dreamliner in the leasing market," said Bill Collins, vice
president of Leasing Sales for Boeing Commercial Airplanes. "It
also builds on the continued market success of this airplane."

The order increases the number of 787-9s on order to 270
airplanes from customers located all over the world. The 787
Dreamliner family, including the 787-8 and 787-9, has accumulated a
total of 825 orders.